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The spot rate between the U.K. and the U.S. is .7524/$, while the one-year forward rate is .7522/$. The risk-free rate in the U.K. is

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The spot rate between the U.K. and the U.S. is .7524/$, while the one-year forward rate is .7522/$. The risk-free rate in the U.K. is 2.03 percent and risk-free rate in the United States is 1.67 percent. How much in profit can you earn on $7,000 utilizing covered interest arbitrage

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